Summit Materials Inc [NYSE: SUM] slipped around -0.91 points on Monday, while shares priced at $50.75 at the close of the session, down -1.76%.
Compared to the average trading volume of 1.39M shares, SUM reached a trading volume of 35127820 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Summit Materials Inc [SUM]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SUM shares is $54.89 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SUM stock is a recommendation set at 1.69. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barclays have made an estimate for Summit Materials Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 29, 2024. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price from $45 to $53. The new note on the price target was released on October 25, 2024, representing the official price target for Summit Materials Inc stock. Previously, the target price had yet another raise to $51, while Morgan Stanley analysts kept a Overweight rating on SUM stock.
The Average True Range (ATR) for Summit Materials Inc is set at 1.55, with the Price to Sales ratio for SUM stock in the period of the last 12 months amounting to 2.40. The Price to Book ratio for the last quarter was 2.00, with the Price to Cash per share for the same quarter was set at 4.16. Price to Free Cash Flow for SUM in the course of the last twelve months was 51.57 with Quick ratio for the last quarter at 2.48.
How has SUM stock performed recently?
Summit Materials Inc [SUM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.60. With this latest performance, SUM shares gained by 12.53% in over the last four-week period, additionally plugging by 30.80% over the last 6 months – not to mention a rise of 45.37% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SUM stock in for the last two-week period is set at 67.31, with the RSI for the last a single of trading hit 66.57, and the three-weeks RSI is set at 66.84 for Summit Materials Inc [SUM]. The present Moving Average for the last 50 days of trading for this stock 43.29, while it was recorded at 50.07 for the last single week of trading, and 40.46 for the last 200 days.
Summit Materials Inc [SUM]: Deeper insight into the fundamentals
Summit Materials Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.48 and a Current Ratio set at 3.10.
Earnings analysis for Summit Materials Inc [SUM]
With the latest financial reports released by the company, Summit Materials Inc posted 0.31/share EPS, while the average EPS was predicted by analysts to be reported at 0.27/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.04. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SUM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Summit Materials Inc go to 15.10%.
Insider trade positions for Summit Materials Inc [SUM]
There are presently around $71.06%, or 104.36%% of SUM stock, in the hands of institutional investors. The top three institutional holders of SUM stocks are: VANGUARD GROUP INC with ownership of 12.23 million shares, which is approximately 6.9658%. BLACKROCK INC., holding 10.27 million shares of the stock with an approximate value of $$376.13 million in SUM stocks shares; and BLACKROCK INC., currently with $$323.38 million in SUM stock with ownership which is approximately 5.0317%.
